Should You Get an iPhone Insurance?

Does it make sense to get an iPhone insurance? We know that getting an insurance is one of the most unglamorous things to do, so should you consider getting one? For a phone?

An Apple iPhone, however wonderful it is, takes a lot of money to own. That is why aside from enjoying the gadget is your wise decision to make sure it is secured.

Now the question is, is it wise or unwise to get an insurance? Well, let’s say you know in your heart that you are overprotective of things and don’t want to get one, what if a supervening event happen? Let’s say you are willing to spend for one, will you get a perfect service in case it was lost or destroyed?

There are a lot of companies that offer an Apple iPhone insurance. But there are too many things to consider too before getting one. Let us compare some of these insurance companies and see what they can offer.

AppleCare+ for iPhone: $99

This is probably the best bet because it is directly coming from Apple itself. It’s one of the most popular warranty and insurance options today.

iPhone (up to iPhone 5) comes with one year of hardware repair and 90 days of complimentary support. It extends its coverage up to two years from the original purchase date which includes hardware problems. Two accidental damage coverage is also included, subjected to a $49 service fee.

Users can only buy AppleCare+ up to 30 days after buying an iPhone. It does not cover loss or theft.

Carrier Insurance (up to $9.99/month – AT&T or Verizon)

AT&T offers its subscribers with AT&T’s Mobile Protection Pack for $9.99 per month. This includes every brands of mobile phones including the latest iPhone 5. If your device is broken, lost, or out of warranty, or even soaked in water, you can claim warranty from them.

All you need to do is to  enroll for the Mobile Insurance within 30 days after the activation of the device.

Verizon offers the same rate of $9.99 with what it calls as the Total Equipment Coverage. A non-refundable deductible of $169-$199 (depending on the iPhone unit) and 2 replacements within a 12-month period are covered by this insurance plan.

SquareTrade ($94.00)

SquareTrade offers one of the best choices as they give two and three year length of coverage for warranties. Both types of warranties protects you from drop, spills, mechanical, electrical, display, touchscreen and antenna and wifi failures. They cover up to four repairs or replacements compared to others. $50 is deductible to all claims.

There are more Apple iPhone insurance in the market that we would like to tell you. That is why we would like to make this a regular thing. We will be on the search for the best iPhone insurance in the market today.

As for the question if you should get an insurance, would you risk losing or damaging your phone before your contract even ends?

Do you know of other great iPhone insurance? Share us your opinions. We would love to hear from you!

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